Innovator Gradient Tactical Rotation Strategy ETF (IGTR)
Innovator Gradient Tactical Rotation Strategy ETF operates in the Asset Management industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $33.30, down 0.00% on the session, giving a market capitalisation of $58.6M. Its beta of 1.02 implies it has historically moved more than the broad market.
IGTR seeks to outperform the S&P Global BMI, which provides a broad measure of global equity markets. The fund utilizes a two-factor process to tactically invest in the equity market segment with the strongest price momentum. The fund considers three geographies (US, developed, and emerging markets) and identifies market subsectors within each geography (high beta, momentum, neutral broad market, and low volatility). All in all, the fund defines 9 equity market segments which are combinations of a geography and a market subsector. Each month, the fund adviser determines the strongest geographic equity market and then the strongest market subsector within the selected geography, based on price momentum trend. If all equity market segments exhibit significant and sustained price momentum decline, the fund invests in cash instead. Since the fund adviser adjusts the portfolio monthly, the fund has a high portfolio turnover rate.
Innovator Gradient Tactical Rotation Strategy ETF is most often compared with the following Financial Services names: